The Personal Income Tax

Back to SOI for more Statistics on Income.

Table 8: Personal Income per National Income and Product Accounts (NIPA), and Taxable Income and Individual Income Tax per Statistics of Income (SOI), 1950-2012.

The file is histab8.xls. It gives personal income, taxable income, and taxable income as a percent of personal income. It gives the total income tax in billions, and as a percent of personal income, and as a percent of taxable income.

I'm just looking for those last two.

Yesterday we looked at the corporate income tax as a percent of taxable corporate income (profits) and as a percent of gross corporate income. I want to do the same now for personal income.

Graph #1

The tax amounts to about 10% of gross personal income, or about 20% of taxable.

The personal tax is lower than the corporate tax, as a percent of taxable income. But the personal tax is much higher than the corporate as a percent of gross.

Graph #2

Now you know.


// The Excel file